Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Expeditors International of Washington, Inc. has received an average recommendation of "Reduce" from twelve analysts, with five rating the stock as a sell and seven as a hold.
• The average 12-month target price set by analysts for Expeditors International is $114.22, reflecting mixed sentiment about the stock's performance.
• Insider trading activity showed that VP Jeffrey F. Dickerman sold 1,470 shares at an average price of $118.05, marking a 16.12% decrease in his holdings.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been assigned a consensus rating of "Reduce" from the twelve analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $114.2222.

A number of brokerages have recently commented on EXPD. TD Cowen lowered their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, Truist Financial increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th.

Expeditors International of Washington Price Performance

EXPD traded up $0.66 during trading hours on Monday, hitting $121.06. 250,750 shares of the stock were exchanged, compared to its average volume of 1,354,306. The stock has a 50-day simple moving average of $117.43 and a 200-day simple moving average of $114.98. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management bought a new position in Expeditors International of Washington in the 1st quarter worth approximately $26,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its position in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company's stock worth $31,000 after buying an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $34,000. Finally, Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $37,000. 94.02% of the stock is owned by institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.